PragueConnect.cz - Economy

PragueConnect.cz is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on PragueConnect.cz!

ÚP ČR: 28 firms announced mass layoffs in November

Totally 28 employers in the Czech Republic announced mass layoffs in November 2014. The step will affect 1,251 employees (884 of them in Prague. The highest no. of firms readying mass layoffs is located in Prague (8) and South Moravia Region (5). This stems from the information from the Labour Office of the Czech Republic (ÚP ČR). The no. of firms that will downsize their employee bases in the mass layoff regime grew by 20 m/m and 10 y/y. The firms plan to pay off 39 more employees than in the same period of 2013 and 649 more than in October.

Source: www.cianews.cz